San Francisco Fed Bank-Supervision Chief to Depart
- Azher Abbasi was in the position during collapse of SVB
- He will retire from the regional Fed bank effective Oct. 31
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The Federal Reserve’s head of bank supervision in San Francisco, which had oversight of failed lender Silicon Valley Bank, will depart at the end of October.
Azher Abbasi, executive vice president of the supervision and credit group at the Federal Reserve Bank of San Francisco, will retire on Oct. 31, a San Francisco Fed spokesperson said in an email Monday. Niel Willardson, a former Minneapolis Fed official, will replace him as interim executive vice president Oct. 1.